Sunday, September 25, 2011

Chinese Businesses “blending in “

Trinity Wilson
Chinese Businesses pay price in Arab world for not “blending in “
Wang Meng explains how China has the economic interest without beneficial security protection. Wang chose the term “blending in “because China is trying to fulfill its going global strategy. Chinese corporations are behind because they haven’t set up an up to date enterprise system required by the market economy. In order to make progress they need to improve their social role because it is just as important as their corporate profits
Another reason Chinese people are criticized for “not blending in” is because the distance between Chinese enterprises and the local society in business management. A good example is the distance between the over powering efforts on profit making at social expenses. The Chinese businesses would rather hire illegal workers. Some individual also believe that their money, resources and jobs are being taken away. If division of labor was taking place more individuals would not feel this way.
Overall, the Chinese enterprise should start to change how they manage their business. Once Chinese firms begin to be more open with working with local community and use more local investments they will become more visible in the market which is very good for business. Outsourcing is very controversial topic for businesses in the US as well as other countries. Therefore, as a result this all goes back to urbanization and the pressure it places on government to meet the demands of the people. Overall, individuals should know that urbanization is the price of progress.
http://globalpublicsquare.blogs.cnn.com/2011/09/01/chinese-businesses-pay-price-in-arab-world-for-not-blending-in/?iref=allsearch

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